Brief: Marche announces business and capital alliance with Chimney and shareholding structure change
27/06/2017 08:19
June 27(Reuters) - Marche Corp 7524.T
* Says it signs an agreement of a business and capital
alliance with Chimney Co Ltd 3178.T , on June 27, to improve
corporate value and shareholders' benefit of the two companies
* Says Chimney will acquire 11.2 percent stake in Marche
* Says Chimney will increase voting power in the company to
11.8 percent from 0 percent and will become top shareholder of
the company, and current top shareholder of the company will cut
voting power to 0 percent from 11.2 percent, effective June 30
Source text in Japanese:https://goo.gl/as1uFT ;
https://qgoo.gl/fTDejV
Further company coverage: 7524.T 3178.T
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